Are you in need of personal loan from one South Africa’s most trusted credit provider, African Bank Personal Loan can be a great option, if you want to purchase a house, a car or to pay off medical expenses this credit products can help you fulfill your goals.
African Bank offers personal loans with flexible repayment plans and competitive interest rates and you can borrow from minimum of R2000 up to maximum of R250 000 and the repayment term for every loan amount starts from 7 months up to 72 months, giving you enough time to repay your loan.
Quick Example: If you successfully borrow a loan amount of R2000 for a period of 7 months you are going to repay R436.34 every month for 7 months and in total you are going to repay R3054.38
African Bank Personal Loan Requirements:
These are the requirements one should meet in order to qualify for the personal loan:
You must be a South African citizen, 18 years or older, must be employed or self employed, proof of employment will be like your recent payslip and your recent 3 months bank statement will be needed in order to show that you really do get salary deposited to your bank account and if you are African Bank client and you get your salary using the bank, your bank statement won’t be required.
How to Apply for the African Bank Personal Loan:
When you have all the documents that are required and you meet all the eligibility requirements you can simply apply for a African bank Personal loan at a branch near you, but if you prefer doing it in the comfort of your home you can apply on the African Bank website or on the African Bank application.
People must know that your credit history or score will be reviewed in order to know how you handled your previous credit and if you have a bad credit history that can affect your loan application, you might not qualify for the loan amount you desire or you might not get the loan altogether.
When will the Repayment take place:
When applied and qualified for the loan you borrowed, repayment will take place 7 days after you’ve received your loan and a debit order will be made on your bank account that you use to receive your income in order for deductions to occur automatically on your payday.
So you must have an active bank account and your salary must be paid electronically to your bank account.
African Bank Contact Details:
To contact African Bank about their financial product you simply use the following details:
Cellphone Number: 0861 111 011
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